Steph & Co. Has $72,000 Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Steph & Co. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 378 shares of the e-commerce giant’s stock after purchasing an additional 87 shares during the period. Steph & Co.’s holdings in Amazon.com were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new stake in Amazon.com in the 4th quarter valued at $25,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth $27,000. LSV Asset Management acquired a new stake in shares of Amazon.com during the 4th quarter worth $35,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at approximately $40,000. Finally, Perritt Capital Management Inc grew its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 2,442,187 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $225.89, for a total transaction of $551,665,621.43. Following the completion of the transaction, the insider owned 895,279,901 shares of the company’s stock, valued at $202,234,776,836.89. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the transaction, the chief executive officer directly owned 514,550 shares of the company’s stock, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,602,037 shares of company stock worth $3,044,172,641 in the last three months. 9.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank Of Canada cut their price target on Amazon.com from $235.00 to $230.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a report on Monday, April 14th. Stifel Nicolaus dropped their price target on shares of Amazon.com from $248.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Cantor Fitzgerald increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $250.35.

Amazon.com Stock Performance

Amazon.com stock opened at $223.19 on Thursday. The stock’s 50 day simple moving average is $212.21 and its two-hundred day simple moving average is $208.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 36.35, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.